Overview
SymbioSys Distribution Management as a Service is a unified service to manage registrations, various types hierarchies, agent movements, performance, persistency, advisor classifications and rating, incentives, contests, campaigns, compensation and Finance for multiple distribution channels like captive agency, Bancassurance, brokers, IFA etc. across various Lines of Business like Life, Group Life, Health, Property and Casualty.
It provides a lot of power and flexibility to drive your business strategies based on the priority like pay commission on daily basis frequency as desired by business, offer incentives for digital sales, segment based compensation rules, newly evolving distribution channels etc.
SymbioSys Distribution Management has configured more than 1000 unique rules for various KPIs, performance and compensations across its 17 implementations.
It has processed over 2 million payees across channels.
It has enabled insurers to launch new channel partner in less than 5 days.
SymbioSys Distribution Management is designed for global insurance distribution needs and is proven with unique capabilities like -
Hierarchy Management
- Manage all possible types of hierarchies reporting, monitoring, geographical, recruitment etc as per your designations with absolutely no restrictions for contract management, regulatory rules, license managements and payment credentials.
- Empower senior team to digitally onboarding new advisors along with capabilities to automate all types of movements of advisors and portfolio based on your own rules.
Performance management
- Create & monitor various types of KPIs based on inputs from Policy, Premium, Commission, Agent, lead, and activity but also for various unique KPIs based on different types of Persistency, hierarchy, segmentation rules.
- Leverage Balanced Score Card approach for performance tracking and rewarding to ensure that your performance is tracked and aligned to business goals.
- Do not treat all agents alike, but reward your high performing agents based on the true value to your organization.
Compensation management
- Reduce time and cost of administering diverse types of compensations without compromising on accuracy.
- Dynamic Rule engine driven compensation computation for faster adaptation to emerging types of compensations, payouts.
- Ensure that the compensations are working and truly helping you in achieving the business objectives.
- Reduced risk of compliance failures that have entered into the organization due to the siloes and manual interventions and truly automate the same.
Finance Management
- Automate the ability to create a bank file for payments ready with all local taxations, rules, and schedules of choices.
- Effectively improve your ability to track, control and administer adjustments, write offs, payments hold and release systemically with minimal manual interventions.
Handshake seamlessly with digital ecosystem with ready real time API interfaces. All of this comes with multi lingual and multi currency support.
Highlights
- n Tier & Parallel Hierarchies, All kinds of commissions and incentives, Differentiated Commissions at agent level, Simulation,
- Configuration Based setups and operations
Details
Features and programs
Financing for AWS Marketplace purchases
Pricing
Dimension | Description | Cost/month |
|---|---|---|
Initial Setup Fees | Initial Setup Fees for the number of months of implementation | $18,970.00 |
Subscription Fees GoLive | Subscription Fees - Post Go-Live | $11,092.00 |
The following dimensions are not included in the contract terms, which will be charged based on your usage.
Dimension | Cost/unit |
|---|---|
One Time Upfront Fees | $50,000.00 |
Vendor refund policy
Contact us to request a refund
Legal
Vendor terms and conditions
Content disclaimer
Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
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Support
Vendor support
Sumanas Kar - +919920378416
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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